Oklahoma Senate Bill SB1692

Oklahoma 2024 Regular Session

• Introduced: 2/5/24
• Refer: 2/6/24
• Report Pass: 2/27/24
• Engrossed: 3/11/24
• Refer: 3/25/24
• Report Pass: 4/18/24

Caption

Charter schools; modifying calculation of State Aid for charter schools and full-time statewide virtual charter schools. Effective date. Emergency.

Impact

The impact of SB1692 on state laws primarily revolves around its adjustments to the administrative fees that can be charged by sponsors of charter schools. It allows a maximum of 3% of the state aid allocation to be utilized for administrative services provided by the school district or sponsor. Additionally, the bill sets provisions for various financial responsibilities including the establishment of a Charter School Closure Reimbursement Revolving Fund, through which charter schools are required to contribute financially, aiding the state in managing the costs associated with school closures.

Summary

SB1692 addresses the calculation of state aid for charter schools and full-time statewide virtual charter schools in Oklahoma. The bill amends existing state code to modify the frequency at which the weighted average daily membership calculation is conducted for these schools, thus changing the way state education funding is allocated to them. Specifically, this change aims to streamline financial processes for charter schools and ensure they receive the allocation of federal funds and any other revenue generated by their students more efficiently.

Sentiment

General sentiment surrounding SB1692 appears to be supportive among legislators who advocate for charter school autonomy and streamlined funding mechanisms. Proponents view the bill as a progressive step towards enhancing the financial structure of charter schools, while ensuring that they remain financially viable and accountable. However, concerns have been raised by opponents regarding the implications of reduced local control over educational financing and the potential negative impact on educational equity as funding mechanisms shift.

Contention

Notable points of contention in the discussions surrounding SB1692 focus on the implications of the bill for local governance over education funding. Critics of the bill worry that the amendments could undermine local educational authorities' ability to support schools according to community needs. Furthermore, the stipulations around the administrative fee and responsibilities for school closure reimbursements have sparked debates about fairness and the financial burdens placed on charter schools, particularly in economically disadvantaged areas.